oil – Page 4 – Medafrica Times

Nigeria inks deal with consortiums to renovate oil refineries

March 1, 2018 Steven Addamah 0

Nigeria’s state oil firm NNPC has completed talks with two consortiums to revamp Africa’s biggest crude producer’s rundown refineries. According to Reuters, the two consortiums […]

Ghana to build new oil refinery for $4 billion

February 2, 2018 Khalid Al Mouahidi 0

Ghana is set to establish a refinery in the central region of the West African nation, to refine 150, 000 barrels of oil per-day, Energy […]

Angola: Jose dos Santos Jr dismissed from sovereign wealth fund

January 11, 2018 Steven Addamah 0

Angola’s president, João Lourenço, has sacked his predecessor’s son, José Filomeno Dos Santos, as the head of the country’s sovereign wealth fund. The dismissal of […]

Libyan oil revenues up sharply in 2017 – Central Bank

January 8, 2018 Geraldine Boechat 0

Libyan oil revenues have sharply increased in 2017, the central Bank said last weekend. According to a statement released by the central Bank, the North […]

Oil-dependent Gabon economy grew 0.8% in 2017 – IMF

December 29, 2017 Geraldine Boechat 0

The International Monetary Fund on Thursday downgraded Gabon’s economy growth forecast of 2017 form 1 percent to 0.8 percent. The international lender expects growth to […]

Isabel Dos Santos fired from Angola’s state oil firm

November 16, 2017 Steven Addamah 0

Angola’s President Joao Lourenco on Wednesday sacked Isabel dos Santos, the chair of the state-run oil company Sonangol. The swift move comes a month after […]

Uganda eyes up to $20 bln oil sector investment by 2020

October 25, 2017 Geraldine Boechat 0

Uganda’s petroleum authority on Tuesday said it expect investments of $15 billion to $20 billion in its oil industry in the next three to four […]

Nigeria seizes $21mln and property of former oil minister

August 30, 2017 Khalid Al Mouahidi 0

Nigerian authorities have seized about $21 million and property belonging to former Nigerian Oil Minister Diezani Alison-Madueke amid public Fund embezzlement and corruption scandals in […]

Drop in Oil Prices Unveils Vulnerability of Algerian Economy

April 14, 2017 Khalid Al Mouahidi 0

Algerian authorities have finally been compelled to face the reality and admit the failure of their economic model based on crude oil exports and trade. […]